Iberdrola picks MHI Vestas turbines for 476-MW German project

12/02/2019 09:32 Wind


Iberdrola has chosen MHI Vestas Offshore Wind as preferred turbine supplier for the 476-MW Baltic Eagle offshore wind farm in the Baltic Sea, the Spanish utility informed on Monday.

The contract with the turbine supplier, a joint venture between Denmark’s Vestas Wind Systems A/S (CPH:VWS) and Japan’s Mitsubishi Heavy Industries (TYO:7011), will include up to 52 units of the V174-9.5 MW model.


Baltic Eagle will be built off the island of Ruegen in German waters as the second large-scale offshore wind project Iberdrola is developing in the country, following the 350-MW Wikinger wind park, operational since the end of 2017. Baltic Eagle was secured in Germany's second offshore wind power auction in 2018, alongside the 10-MW Wikinger Sud project.


Wikinger, Baltic Eagle and Wikinger Sud will have a total installed capacity of 836 MW. The entire complex, an investment of EUR 2.5 billion (USD 2.8bn), will produce enough power to meet 45% of the total electricity consumption of the state of Mecklenburg-West Pomerania.


Daily (14.02.2019): Oil prices climbed by 1.8% on Wednesday, as Saudi Arabia plans to reduce crude exports and production

14/02/2019 12:16:00

Oil prices were bullish on Wednesday, after Saudi Arabia announced its plans to reduce crude exports and production. At the same time, rising U.S. crude inventories might still put pressure on the market. As a result, Brent crude increased by 1.9% to 63.61 USD/bbl. WTI crude rose by 1.5% to 53.90 USD/bbl.


European consortium to buy 80% of Veja Mate offshore wind park

14/02/2019 10:10:00

A consortium led by asset manager Commerz Real AG and IKEA franchisee Ingka Group will acquire an 80% stake in the 402-MW Veja Mate offshore wind park in the German North Sea.


Over 500 Agreements to be Signed at Russian Investment Forum

14/02/2019 09:55:00

Over 500 agreements worth a total of 800 billion roubles are expected to be signed at the Russian Investment Forum 2019. This preliminary estimate is based on the information from the Forum participants and from open sources.